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ASI Technical Analysis

+5
Backstage
market bull
hawklk
Light of Hope
smallville
9 posters

Go down  Message [Page 1 of 1]

1ASI Technical Analysis Empty ASI Technical Analysis Thu Sep 20, 2012 9:16 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Consider the all time high and the recent low, its clearly illustrated in the chart that ASI
has broken fibonacci resistant levels 23.6% & 38.2% without an effort.
After passing 23.6% fibonacci level (5325-5335), there was a short pullback to again 23.6% but
ASI advanced to the 38.2% level with a gap efforlessly.

However reachine 50% fibonacci resistance was proven hard and now ASI heading towards
38.2% fibonacci level (5740-5750) once again which acts as a support level now.

ASI Technical Analysis Asi310

Figuratively fibonacci level supports (visual) in DFN charts are;

23.6% - 5325-5335
38.2% - 5740-5750
50.0% - 5990-6100

Then drawing another fibonacci retracement taking the bottom and recent high, the near term
fibonacci levels are;

23.6% - 5670-5675
38.2% - 5465-5470
50.0% - 5327-5335

ASI Technical Analysis Asi410

Now the recent support at 23.6% - 5670-5675 or ealier support @ 38.2% - 5740-5750 would have
to be watched.

More over the three black crows candle pattern looks also on the cards. If so today's low may reach 23.6% fib or near..

But look at the overall picture from RSI, ADX & MACD.. All indicators show @$@#$@

My views may be different.. Due attention should be given pls.. Ppl who dont believe tech, I have nothing to tell.. Who knows if GSF is active we can see ASI going up.. After all it can become the largest cap passing DIST and reachine JKH Twisted Evil



Last edited by smallville on Thu Sep 20, 2012 11:19 am; edited 1 time in total (Reason for editing : corrected a small type on fib level..)

2ASI Technical Analysis Empty Re: ASI Technical Analysis Thu Sep 20, 2012 10:06 am

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

Thanks for the timely analysis

3ASI Technical Analysis Empty Re: ASI Technical Analysis Thu Sep 20, 2012 10:20 am

hawklk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

What is the sensitivity setting for fibonacci level indicators. My reading are different. Sensitivity level set to 10

4ASI Technical Analysis Empty Re: ASI Technical Analysis Thu Sep 20, 2012 11:50 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

As we speak ASI is now at 5874 (24 points up) cheers

Good to see if prevails in the afternoon too..

5ASI Technical Analysis Empty Re: ASI Technical Analysis Thu Sep 20, 2012 12:12 pm

market bull

market bull
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Thaks for your analysis.really valuable.

Hope now a days market is good for day trading.

6ASI Technical Analysis Empty Re: ASI Technical Analysis Thu Sep 20, 2012 2:08 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Yes buy on dip and sell on rise Smile he hee..

Today BUKI, DIST & KHC contributed positively while GSF contibuted negetively with bringing down the ASI 13 points .. This was the other way around yesterday with GSF.. Twisted Evil

As I explained on another thread, what would be the effect the day GSF trade below 200? How much ASI can be brought down?

7ASI Technical Analysis Empty Re: ASI Technical Analysis Thu Sep 20, 2012 2:55 pm

Backstage

Backstage
Moderator
Moderator

I think sooner or later EPF will resume collecting BUKI, and that will more than negate a steep GSF drop.
Now I will run to my bunker, as there are a few ferocious bears attacking opinions these days. silent

8ASI Technical Analysis Empty Re: ASI Technical Analysis Thu Sep 20, 2012 6:52 pm

sharemarket

sharemarket
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

smallville wrote:Yes buy on dip and sell on rise Smile he hee..

Today BUKI, DIST & KHC contributed positively while GSF contibuted negetively with bringing down the ASI 13 points .. This was the other way around yesterday with GSF.. Twisted Evil

As I explained on another thread, what would be the effect the day GSF trade below 200? How much ASI can be brought down?
How can ASI down 13 points? as i know GSF didn,t trade 100 share.Then below 100 it cant change ASI.(Like odd lots..)

9ASI Technical Analysis Empty Re: ASI Technical Analysis Thu Sep 20, 2012 7:23 pm

Fresher


Moderator
Moderator

sharemarket wrote:
smallville wrote:Yes buy on dip and sell on rise Smile he hee..

Today BUKI, DIST & KHC contributed positively while GSF contibuted negetively with bringing down the ASI 13 points .. This was the other way around yesterday with GSF.. Twisted Evil

As I explained on another thread, what would be the effect the day GSF trade below 200? How much ASI can be brought down?
How can ASI down 13 points? as i know GSF didn,t trade 100 share.Then below 100 it cant change ASI.(Like odd lots..)

not any more. wake up Smile

10ASI Technical Analysis Empty Re: ASI Technical Analysis Fri Sep 21, 2012 8:04 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

sharemarket wrote:
smallville wrote:Yes buy on dip and sell on rise Smile he hee..

Today BUKI, DIST & KHC contributed positively while GSF contibuted negetively with bringing down the ASI 13 points .. This was the other way around yesterday with GSF.. Twisted Evil

As I explained on another thread, what would be the effect the day GSF trade below 200? How much ASI can be brought down?
How can ASI down 13 points? as i know GSF didn,t trade 100 share.Then below 100 it cant change ASI.(Like odd lots..)

Well it has yesterday.. I dont think anymore 100 quantities are needed for large caps Wink

11ASI Technical Analysis Empty Re: ASI Technical Analysis Fri Sep 21, 2012 8:20 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

As per the candle formation, today market may move up at least in the morning hours..

ASI Technical Analysis Asi510

If much needed buying pressure is pumped ASI may easily break 50.0% fib level - 5990-6100 and land near the 6100 zone.. Still more room to break 6300 Wink

12ASI Technical Analysis Empty Re: ASI Technical Analysis Fri Sep 21, 2012 9:16 am

K.Haputantri

K.Haputantri
Co-Admin

I thought odd lot transactions are removed when ASPI is adjusted after closing the market. ?Is this not happening now.

13ASI Technical Analysis Empty Re: ASI Technical Analysis Fri Sep 21, 2012 2:08 pm

Expert

Expert
Manager - Equity Analytics
Manager - Equity Analytics

As far as I am aware, there is no such thing as "odd lot" in the CSE since some time ago when they introduced this new "trading system".

14ASI Technical Analysis Empty Re: ASI Technical Analysis Fri Sep 21, 2012 2:15 pm

K.Haputantri

K.Haputantri
Co-Admin

Expert wrote:As far as I am aware, there is no such thing as "odd lot" in the CSE since some time ago when they introduced this new "trading system".
Exactly, but there was a news that any transaction below 100 shares (earlier considered as odd lot) are not considered when officially calculating indices.

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